GAAR

Govt allays GAAR fears but grey areas remain

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β€œIn the present form, the guidelines leave some room for interpretation and dispute. To provide certainty to foreign investors, it would be better to clarify that if the conditions specified under LoB clause are met, would not apply,”.

Vikas Vasal
Partner, Grant Thornton India LLP

This article apeared in Business Standard on 28th January, 2017.